Penguin Random House Blocked From Acquiring Rival Publisher Simon & Schuster


Penguin Random House sought to acquire Simon & Schuster for roughly $2 billion.



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A federal judge on Monday blocked Penguin Random House from acquiring rival book publisher Simon & Schuster for about $2.18 billion, agreeing with the Justice Department that the planned merger would unlawfully lessen competition.

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Write to Jeffrey A. Trachtenberg at jeffrey.trachtenberg@wsj.com and Jan Wolfe at jan.wolfe@wsj.com

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